View in Other Languages 
Sydney, Feb 10, 2011 (ABN Newswire) - We have been bullish oil since below US$40, and our US$145 target for next year remains in place says Herston Economics' Clifford Bennett. The recent selling of oil on the basis that things will calm down in Egypt, the Saudi's will pump more oil, and higher US reserve levels, all miss the two most important points. China and India will add millions of vehicles this year and there are indications global oil production is about to hit peak level beyond which it cannot go.
There are physical constraints to how much oil can be produced on a daily basis, but no limit to how many motor vehicles are going to be put on the world's new roads. Oil is tremendously cheap at current levels, says Clifford Bennett.
View the videocast here:
http://www.abnnewswire.net/multimedia/en/65193/Clifford-Bennett
There are physical constraints to how much oil can be produced on a daily basis, but no limit to how many motor vehicles are going to be put on the world's new roads. Oil is tremendously cheap at current levels, says Clifford Bennett.
View the videocast here:
http://www.abnnewswire.net/multimedia/en/65193/Clifford-Bennett
| Tweet |
|
||
|
 |
Related Companies |
>>>       Herston Economics |
| |
Related Industry Topics: |
Metals | E-Commerce | Credit & Misc. Finance | Consumers General | Financial General | E-Business | Retail & Merchant Banking | Mining | |
| |
This Page Viewed: (Last 7 Days: 110) (Last 30 Days: 480) (Since Published: 19070) |
(135910)
Events & Exhibitions
|
Site Search
| ENGLISH All Languages |
Upcoming WebCasts
 | Mr Mark Paton CEO Cue Energy Resources Tuesday, June 12, 2012 |
 | Mr Alan Hopkins CEO Pan Asia Corporation Tuesday, June 12, 2012 |
 | Mr Barry Dawes Martin Place Securities Tuesday, June 12, 2012 |
 | Dr Andrea Grant CEO Living Cell Technologies Monday, July 02, 2012 |
Companies in the News
Mobile Video TV
|
||
|
||
){kind=link}